Banking History Timeline By Azawood Dec 12, 1791 First bank of the U.S. established Apr 2, 1792 Congress passes the Coinage Act. Establishes a mint and prescribes a decimal system of coinage. Feb 6, 1920 The Office of the Commissioner of Accounts and Deposits was established. Period: Mar 1, 1920 to Mar 1, 1980 Credit made available to most Americans Oct 24, 1929 Stock market crash Dec 11, 1930 The largest Bank failure in the nations history takes place when the Bank of the United States closes its doors in New York. Period: Mar 1, 1940 to Mar 1, 1960 Stable inflation rates low interest rates Jan 16, 1957 A peace time budget of seventy two billion eight hundred and seven million dollars is proposed. Period: Jan 1, 1990 to Dec 31, 1990 Credit = Major marketing tool across industires Major stock market gains. Longest pace time expansion. Mar 1, 2001 The 10-year economic expansion of the 1990s came to a close
